Jacob Fredericks’ Post

The construction industry stands at a pivotal juncture as we look ahead to 2025. Despite facing a complex landscape marked by both challenges and opportunities, the sector is poised for growth. https://bit.ly/3NJ8lGH

Mixed messages on return of large-scale construction projects

Despite it being 2024, the UK construction industry still needs to catch up and embrace modern methods of construction (MMC). Its potential to accelerate the journey to net zero carbon goals and shape the future of construction sustainability is a no-brainer. Traditional construction methods continue to dominate, leading to inefficiencies, higher costs, and increased environmental impact. According to a McKinsey Global Institute report, construction productivity has grown by only 1% annually over the past 20 years. A KPMG study found that MMC can reduce construction time by up to 50% and costs by 20%. It's time for the industry to fully leverage these benefits to meet modern demands and environmental targets. #netzero #carbon #sustainableconstruction

Midyear update projects construction spending to gain momentum this year, but stall in 2025. These are key conclusions from the mid-year update by the AIA Consensus Construction Forecast panelists, a group comprised of the leading construction forecasters from across the country.

Change of construction sector is too slow to meet the demand we are facing. For Europe this is very worrying. Read this extensive report from Mc Kinsey to assess yourself #construction #change #mckinsey #labour #climategoals

The construction industry plays a pivotal role in building a sustainable future by addressing economic and societal needs. From offices and homes to hospitals and infrastructure, the sector is essential in meeting net-zero goals by 2050. With global construction spending expected to rise from $13 trillion in 2023 to $22 trillion by 2040, the demand is clear. However, the industry faces challenges, such as stagnant productivity and labor shortages, which must be overcome to meet this growing demand. #productivity #construction

𝐎𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐝𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐠𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐨𝐝𝐮𝐥𝐚𝐫 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐬 𝐭𝐡𝐞 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐚𝐧𝐝 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬. 🏭 In 2023, the global modular construction market is expected to be worth US$ 97.51 billion. The adoption of modular construction is projected to develop at a 7.4% CAGR to reach US$ 199.11 billion by 2033. Modular construction offers a cost-effective and efficient way to construct high-quality buildings in a short period. Hence, making it an ideal solution for affordable housing projects and infrastructure development. https://lnkd.in/gu5e7ETQ #industrializedconstruction #modularconstruction #affordablehousing Ken Semler Gary Fleisher Dave Cooper Greg Ching Tracye Herrington Charles G. Emma Sutton Martin Skea Matt Sullivan Bob Bender Kim Aitken Michael Mathews Terry Winter Kacy Caviston Howard Anglin Benjamin Bush Matthew Haas Kevin Lockhart Ron Lambert Bruce Morin Ben Hershey Jordie Puchinger Jennifer Castenson Rob Howard Rochelle Mills

How Predictability And Transparency Can Keep Construction Projects On Track https://trib.al/HAaBqBT

Daniel Ouliaris, our CEO, knows first-hand of the genuine paradox in the Australian construction industry. On the one hand, there are headlines about major builders going into liquidation and continued high rates of stress and financial struggle for subcontractors and suppliers. And at the same time, there's a desperate demand for increased volume of residential construction to address the current housing crisis and growing numbers of people struggling to find a place to call home. Daniel dives into this in more detail and his view on the path forward, in this piece published by Build Australia. #FutureOfConstruction #ConstructionAustralia #ConstructionIndustry #ConstructionCrisis #PathForward #Leadership #NeoIntelligence